Effective December 28, 2020, Evolution Petroleum Corporation, Midfirst Bank and each of the subsidiaries of the Company party thereto entered into the Sixth Amendment of the Company's senior secured credit facility originally entered into on April 11, 2016 (the "Sixth Amendment"). The Sixth Amendment replaces the Debt Service Coverage Ratio (as defined therein) maintenance covenant with a new covenant requiring a defined Current Ratio of not less than 1.00 to 1.00. A. Borrowers and Lender are parties to that certain Credit Agreement dated as of April 11, 2016, as amended by that certain First Amendment to Credit Agreement dated as of October 18, 2017 and as further amended by that certain Second Amendment to Credit Agreement dated as of February 1, 2018 and as further amended by that certain Third Amendment to Credit Agreement dated as of May 25, 2018 and as further amended by that certain Fourth Amendment to Credit Agreement dated as of December 31, 2018 and as further amended by that certain Fifth Amendment to Credit Agreement dated as of November 2, 2020 (the "Existing Credit Agreement"). Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings assigned to them in the Existing Credit Agreement. B. The Loan is currently evidenced by that certain Amended and Restated Promissory Note in the face amount of $50,000,000.00 dated as of February 1, 2018 (the Note"). C. The Borrowers and the Lender have agreed to modify and replace a financial covenant and such other modifications as set forth herein. NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: ARTICLE I. DEFINITIONS AND REFERENCES Section 1.1 Terms Defined in the Existing Credit Agreement. Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined in the Existing Credit Agreement shall have the same meanings whenever used in this Amendment. Section 1.2 Other Defined Terms. Unless the context otherwise requires, the following terms when used in this Amendment shall have the meanings assigned to them in this Section 1.2. Amendment" means this Sixth Amendment to Credit Agreement. Amendment Documents" means this Amendment, and all other Loan Documents executed and delivered in connection herewith. Credit Agreement" means the Existing Credit Agreement as amended hereby. Sixth Amendment to Credit Agreement: Additional definitions for the terms Available Commitment", Current Assets" and Current Liabilities" shall be added to Section 1.01 of the Existing Credit Agreement, Defined Terms, to be inserted in their appropriate alphabetical location and to state as follows: "Available Commitment" shall mean, at any time, (a) the Commitment at such time minus (b) the aggregate Total Outstandings at such time. "Current Assets" shall mean, at any time, the sum of (a) theconsolidated current assets of the Borrower at such time, plus (b) the Available Commitment at such time, but excluding any non-cash assets arising under Accounting Standards Codification (ASC") 815 "Current Liabilities" shall mean, at any time, the consolidated current liabilities of the Borrower at such time, but excluding (a) current maturities of long term debt of the Borrower under this Agreement and the other Loan Documents and (b) any non-cash liabilities arising under Accounting Standards Codification (ASC") 815. "Current Ratio" means, the ratio of (a) Borrower's consolidated Current Assets to (b) Borrower's consolidated Current Liabilities. (b) The definitions for the terms Debt Service" and Debt Service Coverage Ratio" shall be deleted from Section 1.01 of the Existing Credit Agreement, Defined Terms. Section 2.2 Amendments to Article 7 of the Existing Credit Agreement. (a) Paragraph (b)", Debt Service Coverage Ratio, of Section 7.12 of the Existing Credit Agreement, Financial Covenants, is hereby amended, restated and re-captioned as follows: (b) Current Ratio. Maintain, as of the last day of each fiscal quarter, on a consolidated basis a Current Ratio of not less than 1.00 to 1.00. ARTICLE III. CONDITIONS OF EFFECTIVENESS Section 3.1 Effective Date. This Amendment shall become effective as of the date first above written when and only when: (a) Amendment Documents. Lender shall have received duly executed and delivered counterparts of each Amendment Document (i) in form, substance and date satisfactory to Lender, and (ii) in such numbers as Lender or its counsel may reasonably request. (b) Certificate. Lender shall have received a certificate of a Responsible Officer of Borrower certifying as of the date of this Amendment (i) that there have been no changes to its 2258168.1:613505.02679 3 Sixth Amendment to Credit Agreement Organizational Documents since the Closing Date, and (ii) that there are no resolutions or other action of Borrower prohibiting the transactions described in this Amendment. (c) Other Documentation.